Bitcoin dominance climbed from a recent low at 60.22 to 61.59 at the time of writing. The recent Bitcoin dip to $11,400 did major altcoins no favors, with a lot of red across the board. Some coins with excellent recent gains also dropped, such as TRON. Binance Coin might have also embarked on a short-term...Read More
Cardano enjoyed a bull run before other altcoins by surging ~890% in less than 5 months. Eventually, all altcoins joined the rally. While some surged more than others, LINK surged from less than $2 to $20 in the same time period. Like Link many defi projects and their tokens have done the same. Perhaps, the...Read More
Bitcoin sits well below $12,000 after its failure to breach the said psychological level. There are multiple factors acting in sync that has led to this particular outcome of bitcoin sliding lower. BTCUSD TradingView From the weekly chart, it can be seen that bitcoin’s $12,473 was the local top and also the monthly resistance. $12,473...Read More
Bitcoin was trading between $11,400 and $11,600 over the weekend. A lack of momentum in Bitcoin can sometimes make alts register big gains. and this might play out in the coming days in the case of Decred. Bitcoin SV has steadily been giving in to selling pressure throughout August, and more red could be in...Read More
Ethereum was sorting some issues with network congestion, while DeFi boom was seen driving demand for Ether. Ethereum might begin another rally as on-chain metrics become more sustainable. An Ethereum bullrun heralds good fortune for the altcoin market as well. At press time, Zcash struggled against selling pressure while Steem appeared to be on the...Read More
Altcoins were the talk of the town over the past few months, with the exponential growth noted by alts like Crypto.com Coin and Cardano stoking calls for an alt season. However, this sentiment seemed to have mellowed down at the time of writing as many of these altcoins were again noting strong correlation stats with...Read More
Bitcoin as an asset performed well under unforeseen market conditions. Most cryptos followed Bitcoin’s trend but not at the same pace. Bitcoin Cash spent months dithering before surging in late July to make up for its losses in March. VeChain, last month, saw wild returns before settling down to gather steam. Crypto.com had been marching...Read More
The Crypto Fear & Greed Index has been above 70 for the entirety of August, with the same showing an “extreme greed” reading of 78, despite the latest dip in Bitcoin’s price. Simply put, the crypto-market continues to remain bullish. This was the case with respect to many of the market’s altcoins as well as...Read More
Disclaimer: The following article should not be taken as investment advice. The findings of the same should be foreseeable over the next couple of weeks The bullish trend so evident in the early days of August is slowly starting to fade, with a majority of the market’s altcoins taking a dive on their charts. However,...Read More
Disclaimer: The following article should not be taken as investment advice and the findings of the same should be foreseeable over the next 24-48 hours XRP has struggled recently to keep its valuation above the $0.30 mark, with increasing sell pressure keeping the cryptocurrency’s value just under its resistance level on the charts. However, its...Read More
The latest dip in Bitcoin’s price has knocked back the gains of many of the market’s altcoins. Binance Coin and Tezos were just some of the alts to note such corrections. However, these price drops do not point to any reversal in trend yet and should be treated as healthy corrections in a bull market....Read More
Disclaimer: The findings of the following article attempt to analyze the patterns emerging in the short-term Litecoin market and its impact on the crypto’s price Litecoin’s price has been trending lower and lower on the charts, ever since it registered a surge between 13 and 17 August. In fact, LTC’s price peaked at $69.15 on...Read More
At the time of writing, Bitcoin’s dominance stood at 59.5%, with the same having fallen significantly over the past few months despite the fact that the world’s largest cryptocurrency climbed to new heights in 2020. This has been the case because many of the market’s altcoins have surged on the charts too. However, when Bitcoin...Read More
The last few months have seen the market’s altcoins perform exponentially, with many of them noting significant rallies on the charts, in direct opposition to the correlation they once shared with Bitcoin, the world’s largest cryptocurrency. The last few days, however, saw these alts moving in line with Bitcoin, with the latter’s move over $12,000...Read More
Bitcoin may have a market dominance of over 55%, however, the effects of its movements aren’t always equal among the rest of the market’s altcoins. In fact, an argument can be made that lately, many of these alts have been taking an independent trajectory owing to falling correlation stats, one where their values aren’t defined...Read More
July 27 was the last time Bitcoin SV registered a position below $200 and hence the most part of August can be considered positive, even though highly volatile. The volatility cannot be blamed since it has been prevalent throughout the industry but over the past few days, Bitcoin SV finally seems to have gone into...Read More
Disclaimer: The following article attempts to analyze the emerging patterns in the Ethereum short-term market and its impact on the price. After a great boost in price, major cryptos have been observing a slow movement in the market this week. Bitcoin and Ethereum were trending lower on the price scale. Ethereum’s value despite the minimal...Read More
Bitcoin, the world’s premier cryptocurrency, despite its most recent failure to sustain a breach of the $12k level, was continuing to consolidate and strengthen its position on the charts. At press time Bitcoin was being traded at $11,840 with a 24-hour trading volume of $8.3 billion. Source: CoinStats BTC’s movement, however, didn’t have a uniform...Read More
Although not by a lot, both Binance coin [BNB] and Ethereum Classic [ETC] were showing small bullish potential, at the time of writing. However, it was too late for VeChain due to the formation of a bearish divergence. Binance Coin [BNB] Source: BNBUSD on TradingView Binance’s native coin on its native blockchain has had a...Read More
Disclaimer: The findings of the following article attempt to analyze the evolving patterns in Chainlink’s long-term market and its impact on the price At the time of writing, the crypto-market had begun correcting, with many of the market’s major cryptos dropping in value over the past couple of days. Chainlink [LINK], while it managed to...Read More
Disclaimer: The findings of the following article should not be taken as investment advice as it is strictly the opinion of the writer. These findings should materialize within the next 24-48 hours. Bitcoin rejoiced when it breached $12,000 to touch $12,400. However, such relief was very short-lived as soon, a massive correction of $1000 pulled...Read More
Tezos is being given a lot of attention lately by a specific few traders, most of whom expect huge returns, very much like LINK. In fact, this optimism is not misplaced, but is backed by XTZ and LINK’s lack of correlation with Bitcoin, the world’s most dominant cryptocurrency. Regardless, XTZ does have some potential for...Read More
The price volatility that emerged in the market towards late-July seemed to have paved the way for a variation of an altseason. While the market’s small-cap crypto assets were outperforming everyone else, mid-cap assets were not far behind on the charts. Tron [TRX] Source: TRX/USD on TradingView The Tron Foundation recently released its decentralized swap...Read More
The past few days have seen the price of Bitcoin undergo yet another correction on the charts, one resulting in the world’s largest cryptocurrency’s value dropping by over 7 percent. While Bitcoin continues to stay afloat over its $11k resistance, the altcoin market has not been immune to the former’s price movement. During the past...Read More
Bitcoin SV lost recent gains after Bitcoin dipped to $11,600 from $12,500. However, Bitcoin SV might be able to sustain a move upward. ATOM showed signs of weakness in the market as bearish momentum seemed to gain traction. Synthetix was trading just above its support and endure some short-term price loss before resuming its prior...Read More
XRP and ONT both moved significantly in response to Bitcoin dipping to $11,600. FTX Token had already been experiencing appreciable price fluctuation. XRP looked precariously perched, trading near a significant level but seemed poised to drop. The longer XRP failed to reclaim its nearest support, the stronger the case became for XRP bears. Ontology had...Read More
Litecoin, IOTA, and Dogecoin followed the market-wide setback after the recent dip Bitcoin experienced. Litecoin and IOTA look strong enough to hold without further descent. DOGE could be showing early signs of a possible downtrend. Litecoin [LTC] Source: LTC/USD on TradingView Litecoin saw a pullback after encountering resistance at $66. It was trading at $63...Read More
It’s safe to say that yesterday’s wick down to $0.1277 will be the last one in a while for Cardano. Both on the higher time frame, as mentioned earlier, and the lower time frame, Cardano is bullish. Still, in the 8th rank, ADA is currently trading at $0.1328 with the 24-hour price change showing a...Read More
After Bitcoin touched $12,500, Crypto Fear & Greed Index stood at 82 for the day and 80 for the week. It can be argued that some signs of a coming drop were in the making over the past couple of days. Bitcoin’s subsequent drop to $11,600 took with it the entire market, including recent stalwart...Read More
Disclaimer: The following article attempts to analyze the emerging patterns in the Bitcoin Cash short-term market and its impact on the price. After the surge witnessed in the market on 17 August worth, Bitcoin Cash tested the resistance at $324.43 and began its descent. Due to the sudden sell-off, the price of BCH slipped back...Read More
